Rent, population, and median household income are important factors to consider for a 1031 exchange in Claremont due to their correlations with market demand, and conversely, vacancy rate.
Surrounding submarket Area
Claremont, California is a part of the Claremont/Pomona/La Verne Submarket submarket area, and contains zip code 91711.
Claremont Demographics & Economic Trends
The 2019 average effective rent for Class A, B, and C apartments in the Claremont, CA submarket area was $1,664, which is 19.37% higher than 2014 average rent. This represents a compounded annual growth rate of 3.60%. 2019 vacancy in Claremont, CA was 3.10%.
The total population of the city of Claremont, CA has grown 4.44% since 2010. As of 2018, the population was 36,478. The median household income of the Claremont was $97,363, which is 61.48% higher than the national average.
- submarket area Claremont / Pomona / La Verne Submarket
- avg rent $1,664
- rent growth 19.37%
- vacancy 3.10%
- median income $97,363
- population (2018) 36,478
- population growth 4.44%
- vs. nat'l avg 61.48%
- zip code 91711